Company name: Genocea Biosciences Inc.
Industry: Biotechnology.
The Hidden Administrative Tasks Draining Small Practices
Small practices play a critical role in healthcare delivery, but they cannot continue to absorb ever-increasing administrative demands without consequences.
Location: Cambridge, Massachusetts.
Solution/product: The biotech startup has a proprietary technology to identify and use T-cell antigens to target large pathogens like HSV-2, pneumococcus, chlamydia and malaria.
Money raised: $30 million.
How it will be used: The funds will support two programs, one for a clinical stage vaccine candidate that aims to reduce the severity and frequency of clinical outbreaks associated with moderate-to-severe herpes simplex virus type 2; and the other a preclinical vaccine to prevent infections tied to streptococcus pneumoniae.
How Artera is Using Agentic AI to Humanize Patient Care
Artera President Tom McIntyre talks about the practical application of AI in healthcare.
Investors: The Bill & Melinda Gates Foundation and CVF, LLC, an affiliate of Henry Crown and Company invested in this round. Additional investors are all of Genocea’s existing investors — Polaris Venture Partners, Lux Capital, SR One, Johnson & Johnson Development Corporation, Skyline Ventures, Cycad Group, Auriga Partners, MP Healthcare Ventures and Morningside.
Management team: Chip Clark, president and CEO; Seth Hetherington, chief medical officer; Robert E. Farrell Jr., vice president of finance and administration; Jessica Baker Flechtner, vice president of research; Paul Giannasca,vice president of development, Ravi Venkataramani, vice president of business development.
Market: HSV-2 triggers genital herpes. In the U.S. alone, 40 million to 60 million people are infected with HSV-2, according to the World Health Organization. Annually, there are 1 million to 2 million new infections and 600,000 to 800,000 clinical cases.